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While putting the value or price of an entity in financial records the lowest price is recorded not the current price or current market value.

While putting the value or price of an entity in financial records the lowest price is recorded not the current price or current market value. This is known as

[

]

Business Entity Concept

[

]

Conservatism

[

]

Expenditure Concept

[

]

Money Measurment Concept

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